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Rise and decline of the seventies

Author

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  • Luiz Carlos Bresser-Pereira

Abstract

Analysis of the Brazilian economy between 1970 and 1982, focusing on its cyclicalnature. After a short analysis of the economy’s expansion up to 1974, the author discussesalternative theories for the reversion of the cycle. With the subsequent slowdown of economicgrowth, we have inflation and an explosive increase in the foreign debt. Finally, thearticle analyses the 1981-1982 recession and the underlying distributive crisis. JEL Classification: O40; O11; E31.

Suggested Citation

  • Luiz Carlos Bresser-Pereira, 1983. "Rise and decline of the seventies," Brazilian Journal of Political Economy, Center of Political Economy, vol. 3(2), pages 222-246.
    • Handle: RePEc:ekm:repojs:v:3:y:1983:i:2:p:222-246:id:1927
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    More about this item

    Keywords

    Business cycle; external debt; recession; inflation;
    All these keywords.

    JEL classification:

    • O40 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General
    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
    • E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation

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